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The budget, which maintains state aid to municipalities and invests in higher education, includes no new taxes but does include extensions of several taxes that were set to expire.
As part of his budget proposal for the state’s 2014 and 2015 fiscal years, Gov. Dannel P. Malloy called for $1 billion to bolster efforts to clean up the sound and to protect against future flood damage.
With the state in a precarious fiscal position, Malloy and the General Assembly would do well to re-think the scale of the “Next Generation” proposal to target improvements that can be made without the state having to bond for $1.54 billion in capital upgrades.
Gov. Dannel P. Malloy proposed a $43.8 billion budget plus $6 billion in capital expenditures for the state’s 2014 and 2015 fiscal years that includes hundreds of millions of dollars for economic development and millions more for programs to assist municipalities.
Gov. Dannel P. Malloy announced Feb. 1 a $14.1 million proposal to expand the state's education reform efforts.